One of the main reasons is the fact that most of the people buy these tokens buy it to bet with it or use other gambling benefits that could come with holding that token and not to take some profit from the swings, probably most of them don't even check the token price that often, so holders of their tokens are mostly indifferent to price decrease and less likely to sell out of panic.

Actually because of the reasons mentioned these tokens are great buys (if the gambling website is reputable) on the dips as they're less likely to not recover from the lows, since the demand is almost always there and because there are some people waiting on the sidelines waiting for those dips to buy the tokens to bet with.

Well, unfortunately that did not last long.

Bitcoin now more than anything else is following US/China stock market almost candle by candle.

Actually this strong correlation between Bitcoin and stock market started in the first few months after Covid hit, around March 2020 when a big dump and fast recovery pump took place across both US stocks and Bitcoin which then brought us the bull market.

Unfortunately now that inflation is not at its best Bitcoin still is following stock market and SPX chart closely, but I'm hoping for a decoupling from stock market at some point.

Was that by any chance Kucoin grid bot?

Personally I used a few trading bots but none of them ended up being profitable in the long-term, I had some very short-term gains here and there but it usually lasted a few days max and once volatility became too much bot would start making less and less % and eventually position would get into some loss.

My guess is that these bots could work out better in a less volatile pairs/markets so maybe cryptocurrency is not the best option for those automated bots and Forex pairs like AUD/CAD, AUD/USD and some other pairs that don't move up and down that much in a short period of time are a better option, but for trading bots to be profitable in such pairs you got to find a platform with lowest fees since movements are small so are the gains.

Bitcoin will lose a big chunk of its volatility as its market cap increases, so the more pricier each Bitcoin, the lesser the volatility, and that will happen naturally.

You can see the opposite of that in low cap altcoins which due to small small market cap move +/-5% with a single large buy/sell.

But other than that there are also other factors that will have some influence over volatility, such as trust and reputation, obviously a new digital asset won't have the same trust and therefore lower volatility as a reputable coin like Bitcoin which has been around more than a decade, so as more time passes Bitcoin price could get less and less volatile and sensitive to short-term negative/positive news or be affected by what other markets are doing(like now that Bitcoin price is following US stocks), so in a way crypto market will mature itself as it ages.

The thing about sanctions that many disregard these days is:

It is not a tool that is being used to put pressure on the government specifically but it is more of a way to put the pressure on civilians of that country so that they get pissed off about the financial situation that they're in because of all the sanctions and get out of their house and protest against their government, that way the country/countries that impose those sanctions get to weaken that government indirectly without having to pay much of a price themselves, but people that protested against their government and got jailed or killed pay the real price for the change in the government or merely its behavior.

It's unfortunate how this sanction thing actually works when you actually see the other layers other than the top layer of what it does to a country and its people.

Influencers are just one of the cancerous aspects of what social media brought to the table.

Most of them act like they can predict the future with almost 100% accuracy while as a matter of fact they're just as clueless as you or anyone else on what happens next with the market, and unfortunately many newbies in the market think making money with trading/investing is easy and they can rely on these accounts to give them proper advice which is absolutely not the case.

Don't get me wrong, there are some good influencers in the space that can give you great advice and help you develop a new perspective on the market and how they operate, but they often remind you that they're not a know it all and they're merely trying to increase the chance of seeing the next move of the market with their data/information provided in their tweets, but sadly that doesn't include a very large percentage of them.

There are tons of comparisons between Bitcoin mining versus other day to day use, and the power consumption of Bitcoin mining is very VERY small in comparison, it's almost nothing.

Check this one for instance:


Source:Bitcoinmagazine


BitcoinSV maximalists are even trying?, at least come up with something that is not so easy to disprove with shitload of data and charts.

Nowadays I buy anything non-physical using crypto, from different kind of apps to online courses, kind of getting hard finding a website that sells those but don't accept crypto lately.

But as for the offline purchases and those which you have to physically go to the store and buy them such as groceries or clothes which you have to try-on before buying them, that's not an option for me personally as where I live crypto is not accepted for those kinds of stuff, but 4-5 years from now I could see a good number of real world offline stores in almost all countries supporting crypto payment as an option.

It is true that REPORTED volume on most exchanges are fake volume and is just wash trading, whether it's Bitcoin or altcoins.

I mean look at this thing:



Exchanges like Bkex, AAX, Coinsbit and the other ones that no one really uses them siting at the top of the 24h volume ranking, same thing goes for most altcoins if not all, but I don't think that devalues what crypto is doing or discredits Bitcoin in any way, this is an unregulated market after all and these stuff are to be expected.

I'd say 99% of people can't, even those YouTubers that have '''How I made X amount of money using this new strategy''' as their video title.

Truth is market trend is just too volatile for almost anyone to be able to consistently use a certain strategy and manage to get out of trades with profit, there are times that making money in the market is too easy like when it's bull market but that will end at some point and if you can not see the top and see it fast enough to exit your trades/investments you might end up losing a good chunk of profit that you made in bull market.

So trading is only a reliable source of making money until the trend changes and suddenly before you know it market behavior shifts and if you don't see that happening you're going to start losing money from then.

You're comparing short-term trading to investments that usually take longer to work and give you some profit, I believe that's the proper mindset to be looking for long-term investments than the fast in and out trades hat barely work specially in bear markets like the market we're in right now.

Bear markets are usually a great time to just find those perfect few project/coin/token that specially keep delivering and actually building something even in bear market when it's just mostly depression phase and most investors and traders don't even care as they don't the reflection of the work and development that is being done on the charts, it's the perfect time to invest because the trend is down and you can chill and slowly invest into projects without fomoing as they say at the top and be in a loss an hour later.

Now more than any other time Crypto/Bitcoin market is following US stock market movement, so I'm not sure older records on which month is better or worth for Bitcoin is going to mean that much, particularly records before March 2020 as that was the time Covid started to cause a big dump in US market and Bitcoin started following SPX chart almost candle by candle since then with some small exceptions here and there.

I believe until Bitcoin shows some sign of decoupling from stocks we have to follow the US market, the printings, rate hikes and anything that can positively or negatively affect US market and subsequently whole cryptocurency market, I'm hoping for a decoupling at some point personally.

Some of it is because of crypto volatility as they have to hold some crypto for a while to pay for stuff with it, and the other reason could be trust issue many people still have with the whole crypto space

Other than that I think ~70% of known online stores now support payment with cryptocurrencies, specially those that sell mostly non-physical products like apps/games and you can now pay with crypto for various online courses that are available these days, Knowing how easy it is to use crypto as a payment method it shouldn't take that long till people realize the potential and convenience that comes with it and adopt it as their main method of payment.

Got to disagree with that, and overrated is exactly the right word to use here, furthermore technical analysis in my opinion is not just any other skill and won't necessarily make you a better trader or even make you better at using those technical indicators to get better outcome, they're just merely a tool for you to use to get better at predicting probability of what happens next with the chart you're using, and by better I mean maybe 10-20% more than a person without any knowledge about charting and how technical analysis works.

Now if someone really put some real time into some other skill like fixing car engines instead for instance they probably could increase their chance of fixing cars to over 90%, can you get even get close to 90% success rate in trading with TA?

Don't bother with those YouTubers/Influencers that tell you: you can make x amount of money with learning this or that new indicator or learn how to read charts, there's no 100% chance of making money on trading unless it's in bull market and that requires no skill nor TA knowledge, most of them are full of shit and only share their wins and just randomly share some loss here and there to make it look more natural and their source of making money is usually being that Influencer/Youtuber and not being a good trader/chartist/TA guy.

Basically any technical indicator is overrated

Even RSI which is in my opinion one of the more reliable indicators flop at times, and that's even when you go into higher time frames like 1D/Weekly

The only thing these indicators can do whether it's the shape of the candle(Candlestick Pattern), RSI or trend line is that they can give you better entry for your buy or better exit for your sell and that's about it, and expecting them to give you some highly accurate insight would be unreasonable and usually ends up in disappointment and possible loss if you count n these indicators too much.

If only you could send physical Gold to another part of the world with a press of a button, right?

I'd say they're close enough in terms of being future proof even though it doesn't look like that at first glance as Gold is this old traditional asset that can't even be transferred easily without making it partly a digital asset and tying it into this centralized/decentralized other company that you should put your trust in.

My reason for thinking they're both very close in being a good long-term investment is this>> because if we're thinking far in the future there could also be a day that world is in such a condition there's barely any internet accessible in the world and that's when Physical Gold that previously was not very practical to use in a technology centered world becomes handy again and could very well turn into money and an asset that people trade using it just as it was used in the old days.

Half Bitcoin and half valuable metals such as Gold is the best approach in my opinion, specially for long-term investments(more than 2-3 years).

Don't ever go all in one market no matter how much you believe in it as there always will be bear markets along the way and if you're well diversified in different markets such as stock market, crypto market and commodity market you won't find all your investment money stuck when one of them enter a bear market as you have money in other different markets as well.

In other words don't let your personal opinion about one asset decides how you invest and learn to always invest in a way that makes you least exposed to risk.

There's nothing like what you're looking for since no one is recording the number of scams, rugs, successful projects and the traders that buy and sell their coins or tokens.

But as for the trading I'd say in this current bull market you have to try really hard to lose any money and what it means is now you could throw a dart randomly on a board that is filled with coins/tokens names and buy them accordingly and still make a good money doing that.

In a bear market things are way different and that's when you can really test out your ability to trade and whether it's something you can do as a full/part time job and really depend on it as any source of income, so don't get overexcited because you made good money in this market and ever think you can do the same in the bear market because you're going to be really disappointed and lose a lot of money.

This thread that you just started is just an obvious shilling of this new exchange that has almost no reputation yet, and it's better to pay some money for withdrawal fees here and there instead of waking up to having your funds frozen for made up reasons and being asked to go through KYC then and maybe they release your own funds then.

The name Nominex was kind of familiar to me and I knew I read something negative about them before, so I did a little bit of search and found this thread> https://bitcointalk.org/index.php?topic=5292574.0 and NominexExchange is the official profile of Nominex exchange in the forum and you can check their trust summary which says it all.

Apparently they had a bounty campaign in this forum before, but when it was done and all they conveniently changed their distribution date from 2021 to 2023 and decided to release the tokens gradually in 3 years which is a shady behavior to say the least.

As long as Fiat(traditional national currencies) exist it's not very easy to totally remove centralized exchanges and do not cause some minor problems and a little bit of hassle, specially for beginners, there are P2P exchanges that do accept banking Bank transfers as mentioned and it can be done but it's not exactly the smoothest experience but it gets the job done and you will receive your crypto in your wallet using Fiat.

When/If Fiat one day gives its place to cryptocurrencies that would be the end for centralized exchanges, there are two main reasons as to why so many people still use centralized exchanges:

1. It has more volume/liquidity and more trading pairs of all different blockchains all in one place and you will be able to exchange your asset at a better rate.

2. Lower fees on trading on a centralized platform/exchange comparing to a decentralized platform like Uniswap that uses Ethereum blockchain. (which should be solved by the release of Eth 2.0 or just switching to another blockchain with lower fees)